Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 22295. (Read 26656876 times)
March 26, 2015, 01:05:08 AM
March 26, 2015, 12:58:54 AM
March 26, 2015, 12:58:02 AM
Good morning Gents.
I'm not into charting, but I decided to play a little with the one Adam has provided here:
http://bitcoincharts.com/charts/bitstampUSD#rg1460zigWeeklyztgSzm1g10zm2g25zvzl
It seems to me -if we hypothesize that a pattern is being followed- we're en route for a month of "stable" prices. Anyone else sees what I'm seeing?
I'm not into charting, but I decided to play a little with the one Adam has provided here:
http://bitcoincharts.com/charts/bitstampUSD#rg1460zigWeeklyztgSzm1g10zm2g25zvzl
It seems to me -if we hypothesize that a pattern is being followed- we're en route for a month of "stable" prices. Anyone else sees what I'm seeing?
March 26, 2015, 12:45:03 AM
I noticed http://www.otcmarkets.com/stock/GBTC/quote went from OTXPink to OTXQX this time and isn't hiding the bids with latest $31.50.
Level II bids are showing up. Each lot is 100 shares, each share is 1/10th of a bitcoin. Looks like 7450 btc worth of bids at $310/btc or above. This is obviously open to abrupt change when it actually goes live.
March 26, 2015, 12:15:34 AM
yeah ... more than 1 way to skin a cat and all ... really it's basically just "simple" trading you and me are doing ... that leverage / borrowed / long short shit is higher risk higher reward ... i've personally never been comfortable with debt/leverage of any sort (which works out nicely for real world things ... 0 student debt , own my house , own my car , etc) ... good luck to you out there 
...
... March 25, 2015, 11:58:49 PM
March 25, 2015, 11:55:30 PM
what exactly does paper trading raw coin mean?
oh ... yeah ... that's an old term i guess ... paper trading vs leverage trading ... that just means using paper money aka real money (without using borrowed money) to buy and sell actual bitcoins (as opposed to buying/selling long and short contracts , which are functionally derivatives) ... it means i am working with money i've actually got , and not taking anywhere near the risk inherent to making use of 10x 20x 50x leverage positions (price goes up or down $1 , I make/lose $1 X # of bitcoins i actually have , as opposed to making/losing $10 $20 or $50 X # of borrowed coins/cash + owed interest ...)
March 25, 2015, 11:42:24 PM
Am I the only asshole who got caught in a long position >$260? I mean it's not a leveraged long and I do have a little cash left, but damn. It only takes $900,000/day net to support this price level. Assuming 1 million bitcoin bulls, that's less than a buck/day each.
2 bucks a day and we can do >500 easy
You've given me an idea:
Someone should use Ethereum to create a pump n dump. Anyone who wants to participate sends bitcoin to a prespecified address. Once a threshold number of bitcoin are accumulated, Ethereum executes the pump n dump and disburses the profits accordingly. If the threshold is not met by a specified time, the bitcoins are returned to the investors. All of this is executed in fully transparent and trustless fashion by the magic of Ethereum.
Billyjoeallen, I nominate you to design the pump n dump strategy.
March 25, 2015, 11:41:21 PM
So Agora came back up eh, so far no real reaction. I guess that drop from 26x to 23x wasn't completely related. Asks are looking mighty thin. Bears seem sleepy, I'm prepared (hoping) for some upside reaction back to mid 250's.
keep dreaming, this market is flatter than a pancake.
That's the defining characteristic of the bitcoin market lately, flat as a pancake with a chance of stop hunting whale splash.
March 25, 2015, 11:32:36 PM
If you leveraged long when you should have leverage shorted..you're gonna have a bad time.
By all means, please short right now. Need more shorts before they get squeezed... Again.
March 25, 2015, 11:29:43 PM
So Agora came back up eh, so far no real reaction. I guess that drop from 26x to 23x wasn't completely related. Asks are looking mighty thin. Bears seem sleepy, I'm prepared (hoping) for some upside reaction back to mid 250's.
March 25, 2015, 11:18:59 PM
You french fried when you should have pizza'd ... If you french fry when you should pizza, you're gonna have a bad time ...
*i don't touch leverage or long/short ... i just paper trade raw coin ... no guts no glory but ... i can sleep at night so ... that's good ...
*i don't touch leverage or long/short ... i just paper trade raw coin ... no guts no glory but ... i can sleep at night so ... that's good ...
March 25, 2015, 11:08:20 PM
hooo hummm ... it's weird how the market can *apparently* be totally ok with whatever price the whales push us to huh ? (and that their action seems to be the only action that matters in terms of price) ... nice and stable 290-300 for 2 weeks , make sure there's plenty of optimistic longs looking for 300+ , slam the market by $50 to fuck all of them over , price stabilizes back easily at 245 , but bull sentiment nice and destroyed , make sure there's plenty of pessimistic shorts looking for sub 200 ... look for next up jam of the price back vertical to fuck all of them over ... and back and forth and back and forth ... alllllll about maximum pain and screwing the leveraged longs / shorts out of their positions by force through margin calls , and of course causing so much volatility that people give up their coins at losses in the super choppy market ... assume the price to jackknife between low200-near300 until gemini , when we quickly go well past 300 for the foreseeable future ...
March 25, 2015, 10:58:50 PM
March 25, 2015, 10:57:00 PM
Looks like another dark market might go down?
http://www.reddit.com/r/Bitcoin/comments/304rhd/why_the_fck_are_we_dropping_faster_than_a_fat/
http://www.reddit.com/r/Bitcoin/comments/304rhd/why_the_fck_are_we_dropping_faster_than_a_fat/
Code:
"Evolution market just exit scammed, and now if you head over to /r/darknetmarkets you
can see that Agora, the second largest market (now largest), has just said they're going offline for
24-48 hours for a "security update." People are extremely nervous to say the least. If Agora runs off
too then that's basically the entire real economy of bitcoin going poof."
Per the Whale Club, Agora is back up and running.
Yeah but the evo coins are still on the loose
March 25, 2015, 10:15:00 PM
once all the shorts are in, we should be able to move again.
shorts still increasing, this could take all day...
now >21K coins
good stuff.
shorts still going up, now at 21 600
i'd like to see 24K shorts tomorrow
March 25, 2015, 10:02:26 PM
Am I the only asshole who got caught in a long position >$260? I mean it's not a leveraged long and I do have a little cash left, but damn. It only takes $900,000/day net to support this price level. Assuming 1 million bitcoin bulls, that's less than a buck/day each.
2 bucks a day and we can do >500 easy
its interesting to note that that daily volume is alot more then $900,000/day
stamps alone pulls like 5 million a day in trades
if it wasn't for all the profit taking and weak hands, idk man price would be different!
March 25, 2015, 09:58:55 PM
March 25, 2015, 09:45:32 PM
Am I the only asshole who got caught in a long position >$260? I mean it's not a leveraged long and I do have a little cash left, but damn. It only takes $900,000/day net to support this price level. Assuming 1 million bitcoin bulls, that's less than a buck/day each.
The market can remain irrational longer than you can remain solvent.
March 25, 2015, 09:44:59 PM
Am I the only asshole who got caught in a long position >$260? I mean it's not a leveraged long and I do have a little cash left, but damn. It only takes $900,000/day net to support this price level. Assuming 1 million bitcoin bulls, that's less than a buck/day each.
2 bucks a day and we can do >500 easy
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